edmundduke
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Activity: 1624
Merit: 1007
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January 16, 2016, 05:50:20 PM |
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Thank you for posting this. It will help to reduce the supply a bit and shows that the burn addresses really exist. It is still just a small step but a necessary one. Market has also been silent now but it is expected as BTC is taking most of the volume with its volatility. Good time for trading.
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Topknotbam
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Activity: 1938
Merit: 1014
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January 17, 2016, 12:31:09 AM |
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Thank you grant the destruction of PandaCoin. I hope it will give impetus to increased demand for the coin.
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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Topknotbam
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Activity: 1938
Merit: 1014
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January 18, 2016, 02:07:56 AM |
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It has 24 votes Pandacoin if any one is interested in the development of coins vote, it would be a good progression.
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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Bitdonator
Legendary
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Activity: 1223
Merit: 1002
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January 18, 2016, 01:13:01 PM |
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LoL you make me laugh everytime I read your post in this thread Dev burn coins every day, and thats good thing, but Pandacoin need a lot of work to raise to 10 sat.
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PandaCoinTeam (OP)
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January 18, 2016, 05:19:36 PM |
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LoL you make me laugh everytime I read your post in this thread Dev burn coins every day, and thats good thing, but Pandacoin need a lot of work to raise to 10 sat. Actualy, we think it will be easy to reach 7-10 satoshi once we launch ICO for new coin. Just be patient for next few months
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VDechand
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January 18, 2016, 09:54:25 PM |
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hello, i have a question with the burn system,
i have 3 million pnd coins. can i lost my coins with the burning?
sry for my bad english
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PandaCoinTeam (OP)
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January 19, 2016, 06:18:40 AM |
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hello, i have a question with the burn system,
i have 3 million pnd coins. can i lost my coins with the burning?
sry for my bad english
You cant loose your Pandacoins. We burn our coins generated by staking, from our wallet. Burning mean that its impossible to spend burned coins, so other Pandacoins of other users becoming more valueable If only you know private key of your wallet, your coins are safe. For latest updates, follow us on twitter: https://twitter.com/PandacoinTeam
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VDechand
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January 19, 2016, 11:10:21 AM |
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hello, i have a question with the burn system,
i have 3 million pnd coins. can i lost my coins with the burning?
sry for my bad english
You cant loose your Pandacoins. We burn our coins generated by staking, from our wallet. Burning mean that its impossible to spend burned coins, so other Pandacoins of other users becoming more valueable If only you know private key of your wallet, your coins are safe. For latest updates, follow us on twitter: https://twitter.com/PandacoinTeamAll my PND coins are on my wallet. What is a private key?
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L-Andrey
Newbie
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Activity: 45
Merit: 0
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January 20, 2016, 09:52:44 AM |
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... we launch ICO for new coin. Just be patient for next few months what does it mean? double scam? is it an attempt to redeem the PND for a new shitcoins? what is the guarantee that all of PND will be destroyed?
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PandaCoinTeam (OP)
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January 20, 2016, 04:30:24 PM |
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... we launch ICO for new coin. Just be patient for next few months what does it mean? double scam? is it an attempt to redeem the PND for a new shitcoins? what is the guarantee that all of PND will be destroyed? As you see, we are curently in process of burning PandaCoin. Burning address we use is: https://bchain.info/PND/addr/P8bB9yPr3vVByqfmM5KXftyGckAtAdu6f8If you look at address hash, you will notice that hash is: 0000000000000000000000000000000000000000 That prove that balance from this address is unspendable. Once we start swap for new coin, users need to send PND directly to similar address (generated specialy for swap) and register their new coin address via form. Coin will be sent to users after coin launch.
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Topknotbam
Legendary
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Activity: 1938
Merit: 1014
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January 21, 2016, 07:09:01 AM |
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The burning of the coin continues. Thank you Dev. It's a good news.
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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BanzaiBTC
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Activity: 1526
Merit: 1002
Chipcoin Developer
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January 21, 2016, 07:20:41 AM |
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Nice.. Still holding 35 million of these myself Just a sidenote... Lets do some math here.. There is a total of 32 billion coins We stake at a 2.5% rate a year. That is a shocking 800 Million new PND each year through staking IF the whole supply is staking. Now that is never the case, so lets make that 1/4 200 million new PND a year. 200million / 365 = 547945.2054794521 PND a day.. So to make a difference with burning coins.. There needs to be a lot of coins burned each day.. Just saying..
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Bitdonator
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Activity: 1223
Merit: 1002
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January 21, 2016, 01:44:03 PM |
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Nice.. Still holding 35 million of these myself Just a sidenote... Lets do some math here.. There is a total of 32 billion coins We stake at a 2.5% rate a year. That is a shocking 800 Million new PND each year through staking IF the whole supply is staking. Now that is never the case, so lets make that 1/4 200 million new PND a year. 200million / 365 = 547945.2054794521 PND a day.. So to make a difference with burning coins.. There needs to be a lot of coins burned each day.. Just saying.. Dev says a few monts ago that many billions (5 billions or more) will be burned once he start swap and launch new coin. This 100,000 PND burning per day is just a little test, if I understand well. PND will be swapped for new coin in 1000:1 ratio (or 10000:1)
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